Why is Netweb Technol. falling/rising?

As of 25-Aug, Netweb Technologies India Ltd is experiencing a price increase, currently at Rs 2,348.05, reflecting a rise of 26.45 or 1.14%. The stock has shown strong performance recently, gaining 14.67% over the last three days and 8.83% over the past week, significantly outperforming the Sensex, which only increased by 0.45% in the same timeframe. Despite this positive momentum, the stock has underperformed its sector by 1.26% today. The company has demonstrated strong long-term fundamentals, with a notable average Return on Equity (ROE) of 21.48% and impressive growth in net sales and operating profit. However, the stock is considered very expensive with a high Price to Book Value ratio of 25.1, and there has been a decline in institutional investor participation, which may impact future price movements.
In the broader market context, Netweb Technologies has outperformed the Sensex in the short term, with a 1-week return of 8.83% compared to the benchmark's 0.45%. While the stock has faced challenges over the longer term, including a year-to-date decline of 13.90% against the Sensex's gain of 4.48%, the recent price increase suggests a positive shift in investor sentiment, likely driven by the company's consistent positive results over the last eight quarters and strong sales growth. Nonetheless, the decrease in institutional stakes could pose risks to sustained price increases moving forward.